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Last few months of oil’s Big Turnaround

June 22, 2020
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Every day, traders in London congregate at 4 p.m. to buy and sell North Sea oil for half an hour. The window, as it’s known in the industry, is where competition between the most powerful players in the market sets the price of Brent crude. Two months ago, every trader wanted to sell cargoes and none were keen

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Neptune Energy to cut 21% of workforce

June 21, 2020
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Neptune Energy plans to cut nearly 21% of its workforce, or 400 roles across nine countries, as the gas and oil producer looks to weather low commodity prices. Energy companies across the globe have slashed their spending to save cash after oil prices collapsed due to weak fuel demand due to the coronavirus crisis. Neptune is owned by Carlyle

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Most Active User Week 26

June 21, 2020
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Most Active User Contest We give away $100 bucks each week! We want to see you using the app, getting active on the newsfeed, sharing the app with your friends by using the invite option, bringing new people along, get some great content on there, and have some friendly competition whether it be by video, photo or text We want

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Winner Most Active User Week 25

June 21, 2020
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Each week we give away a cool $100 bucks! Congrats to Deepak Sharma for getting in there and getting that $100 bucks! He generated over 15k clicks!! Rules are pretty simple, you can find out more by following the link below Most Active User Contest

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Petrofac has been awarded a multi-million dollar contract by Tatweer Petroleum

June 19, 2020
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Petrofac’s Engineering & Production Services division (EPS) has been awarded a multi-million dollar engineering, procurement, construction, and commissioning (EPCC) contract by Tatweer Petroleum, for an upstream gas project in Bahrain. Under the terms of the contract, the scope of work includes well hook-ups, associated pipelines, and tie-ins for several new gas wells that Tatweer Petroleum is planning to

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Chesapeake Energy skips interest payment

June 19, 2020
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Chesapeake Energy Corp, the shale pioneer widely anticipated to seek bankruptcy protection, said on Thursday it had skipped an interest payment due June 15 on some of its notes and its capacity to borrow money was slashed by lenders. The company said in a regulatory filing www.sec.gov/ix?doc that its borrowing base under a so-called 'reserve-based' loan was cut to $2.3

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$190 oil, JPMorgan thinks it’s possible

June 19, 2020
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In a little-noticed report, JPMorgan Chase warned in early March that the oil market could be on the cusp of a "supercycle" that sends Brent crude skyrocketing as high as $190 a barrel in 2025. Weeks later, the coronavirus pandemic set off an epic collapse in oil prices as demand imploded. And yet the bank is doubling down on its

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Update – Most Active User Contest Week 25

June 18, 2020
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You have one more day to get registered and start using the app to catch up with our "Top 10" users! India is currently in the lead! Prem Upadhyay / HSE Advisor / India Deepak Sharma / Mechanical Engineer / Canada Bharti Charma / Office Clerk / India Angel Hernandez / Account Executive / United States Stewart Ogilvy / Mechanical Technician / United

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